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Cadbury

I must make some progress. I might then be able to give way later. The second question relates to the level of debt involved in the takeover and the knock-on effect that it might have for jobs at Cadbury plants. I am afraid that the answer is that the matter must be one for the shareholders to decide. The third and final issue that I wish to touch on is foreign ownership. I understand the concerns about the impact on jobs, but we must not forget how much this country benefits from foreign investment. My hon. Friend referred to the investment made by companies such as Toyota and Honda. Indeed, it is not simply new investment for greenfield sites, as she mentioned; companies such as Mini in Oxford and Bentley in Crewe have benefited hugely from foreign investment and from takeover situations. We must recognise that it is very valuable to have a system that encourages investment from overseas. There is currently $5 trillion of foreign investment in the UK—that is $5 trillion of foreign shareholding providing the money for millions of jobs, new investment and innovation—so it would be wrong to cast doubt on the value of foreign investment. Let us not forget that this works both ways; UK outward investment is slightly higher than our inward investment. For example, in 2000 Vodafone took over German firm Mannesmann for £112 billion. We thus have to think carefully about the investor relationship that has served this country so well in those respects.